Question

name an asset which can also be a liability ?
I. cash in bank
II. cash in hand
III. Furniture
IV. Machinery​

Answer 1

Answer:

cash is a current asset and is the first line-item on a company's balance sheet. Cash is the most liquid type of asset.

Explanation:

cash in bank

Answer 2

Answer:

1. current asset

2. current asset

3. asset

4. asset